VALLETTA , Malta, July 01, 2025 (GLOBE NEWSWIRE) -- Expanse Studios, the B2B game development division of Golden Matrix Group Inc. (NASDAQ: GMGI), has received official certification from Croatia's Ministry of Finance for its flagship game Super Heli, with additional titles in the company's 56-game portfolio expected to receive approval in the coming weeks for the EU member state. The certification marks a strategic entry into a market that generated US$484.70m in 2024, with projected growth at a CAGR of 8. ...

Summary of High Roller Technologies (ROLR) Conference Call Company Overview - **Company Name**: High Roller Technologies - **Ticker Symbol**: ROLR - **Business Model**: B2C online casino with a dual brand strategy (High Roller and Fruta) [6][7] - **Headquarters**: Malta, with satellite offices in the U.S. and Europe [9] Industry Insights - **Market Size**: The global iGaming market was estimated at approximately $40 billion in 2023, with projections to reach nearly $135 billion in a few years [16] - **Growth Rate**: The iGaming industry is growing at an annual rate of about 9% [16] - **Market Shift**: There is a significant shift from land-based casinos to online platforms, which is expected to continue [16] Key Business Strategies - **Customer Acquisition**: Partnership with SpyCup Media, a leading iGaming customer acquisition firm, enhances traffic to the website [8][17] - **Player Acquisition Engine**: For every dollar spent on customer acquisition, the company generates approximately $1.93 in return [18][19] - **Revenue Generation**: Revenue is generated through online casino games, which are designed with a house advantage [20][22] Market Expansion Plans - **Core Markets**: Focus on regulated markets such as Finland, Ontario, and Alberta, with a total addressable market (TAM) of approximately $4 billion [42] - **Finland**: Expected to drive about 60% of net gaming revenue, with a TAM of up to $1.2 billion [36] - **Ontario**: Anticipated market entry in late 2025, with a TAM of about $2.5 billion, where online casino represents 72% [38][40] - **Alberta**: Expected market launch in early 2026, with an estimated market size of $750 million to $1 billion [41] Competitive Advantages - **Experienced Team**: The company boasts a strong executive team with extensive experience in the gaming industry [23][27][30] - **Regulation-First Growth Model**: Focus on regulated markets provides stable revenue streams and high barriers to entry for competitors [56] - **Diverse Revenue Streams**: In addition to online casino operations, the company also engages in affiliate marketing, allowing for low-risk revenue generation [49][51] Product Offering - **Game Library**: One of the largest game libraries in the world with over 5,000 games from more than 90 partners [10][11] - **Customization**: Ability to localize products for different markets, enhancing user experience [52] Financial Projections - **Market Share Potential**: Aiming for a 1% market share in core markets could yield approximately $40 million in revenue, with potential for higher margins [43] - **EBITDA Margins**: Expected EBITDA margins could range from 20% to 40% depending on operational efficiency [43] Conclusion - High Roller Technologies is positioned for significant growth in the online casino market, leveraging a strong brand, experienced team, and strategic partnerships to capitalize on emerging opportunities in regulated markets. The focus on customer acquisition and product differentiation will be key drivers of success moving forward [57]

Financial Data and Key Metrics Changes - The company reported a record quarterly revenue of €311 million, representing a 17% year-over-year increase [8][24] - Adjusted EBITDA increased by 25% year-over-year to €59 million, with adjusted EBITDA margins expanding by 20 basis points to 19% [27][30] - Free cash flow generated during the quarter was €32 million, compared to breakeven cash flow in the same period a year ago, with a free cash flow conversion rate of 54% [31][32] Business Line Data and Key Metrics Changes - Technology and solutions revenue reached €250 million, growing 14% year-over-year, driven by a 13% increase in betting and gaming content [26] - Sports content, technology, and services revenue increased by 33% year-over-year to €61 million, led by a 36% growth in marketing and media services [26] - Managed betting services grew by 16% year-over-year, reflecting increased turnover and higher trading margins [26] Market Data and Key Metrics Changes - U.S. revenue grew by 31% and now represents 28% of total company revenues, indicating strong growth in the U.S. market [10][27] - The company is capitalizing on the expanding global sports betting market, which is expected to grow at a CAGR of 11% through 2027 [8][9] - Revenue from the rest of the world grew by 12% year-over-year, demonstrating broad-based growth across geographies [26] Company Strategy and Development Direction - The growth strategy is driven by four key pillars: global market expansion, increasing take rates, unlocking adjacent market opportunities, and driving innovation through technology and AI [8] - The company is focused on enhancing its product offerings, including the introduction of next-generation products to drive fan engagement [11][14] - The pending acquisition of IMG Arena's sports rights portfolio is expected to enhance growth strategy and strengthen premium content offerings [18][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to weather uncertainties, supported by approximately €2 billion of contractual revenue commitments locked in over the next two years [21] - The company anticipates continued strong revenue and EBITDA growth, with guidance for at least €1.273 billion in revenue and €281 million in adjusted EBITDA for 2025 [33][34] - Management noted that the U.S. market is still in an education phase regarding sports betting, but they expect adaptation to international trends [71][75] Other Important Information - The company completed a secondary offering, purchasing €65 million worth of shares under its existing share repurchase program, bringing total repurchases to €86 million [19][32] - The company is well-positioned to invest in long-term growth potential while returning capital to shareholders [32] Q&A Session Summary Question: What drove the U.S. growth of 31% in Q1? - Management attributed the growth to executing a well-defined strategy, leveraging a large portfolio of sports content, and strong monetization of products [39] Question: Is there any softness in the industry or player demographics? - Management indicated that the U.S. market is growing rapidly, with a significant portion of revenue coming from betting-related activities [40] Question: What are the expectations for the IMG acquisition? - Management confirmed that expectations for EBITDA accretion remain unchanged, with the deal expected to close by the end of Q3 or early Q4 [47][48] Question: What is the roadmap for computer vision data capture? - Management stated that while full automation is not feasible for all sports, they aim to cover about 90% of events, enhancing product offerings with more data points [64] Question: What are the biggest variables that could push revenue above the 15% CAGR? - Management highlighted market expansion, new product opportunities, and growth in adjacent markets as key factors that could drive higher revenue growth [92][94] Question: How durable is the growth in marketing and media services? - Management expressed confidence in the sustainability of growth, driven by better returns for clients and increased spending on marketing campaigns [96][99]

Financial Data and Key Metrics Changes - Total revenue for Q1 2025 was $42.7 million, representing a 72% year-over-year increase, with constant currency growth at 76% [8] - Gross profit reached $24.2 million, reflecting a gross margin of approximately 57%, a decline of 14 percentage points from the previous year [9] - Net loss was $300,000 or $0.00 per share, a decline of $4.2 million from the previous year [12] - Adjusted EBITDA declined by $300,000 or 5% to $5.6 million [12] - Cash and cash equivalents as of March 31, 2025, were $29.7 million, with a net debt leverage ratio under 1.6 turns [13] Business Line Data and Key Metrics Changes - The raffle business achieved record results, including all-time highs in revenue, ticket sales, and prize values, with a 46% increase in new users compared to Q1 2024 [6] - MeridianBet saw new registrations increase by 22%, first-time deposits surged over 56%, and total deposits rose 12% [15] Market Data and Key Metrics Changes - MeridianBet secured a permanent online betting license in Brazil, allowing full national coverage in a market projected to generate over $5.6 billion in GGR in 2025 [16] - The company launched B2B operations in Nigeria, tapping into a market with over 60 million bettors [16] Company Strategy and Development Direction - The company is focused on platform innovations and expansion into high-growth regulated markets, positioning itself at the forefront of the iGaming industry [5] - The strategy emphasizes smart growth, operational efficiency, and returning value to shareholders [20] Management's Comments on Operating Environment and Future Outlook - Management expressed excitement about growth opportunities for the year, expecting full-year revenue between $190 million and $195 million, representing a 26% to 29% growth rate over 2024 [21] - The company remains committed to disciplined capital allocation and investments that enhance growth and long-term value [21] Other Important Information - The company eliminated approximately $9.6 million in debt and converted over $9.5 million in acquisition-related debt into equity, enhancing financial strength and flexibility [6] - MeridianBet's community initiatives included 56 projects focused on health donations, scholarships, and responsible betting education [17] Q&A Session Summary Question: What are the growth expectations for the company in 2025? - The company expects full-year revenue to be between $190 million and $195 million, indicating a growth rate of 26% to 29% over 2024 [21] Question: How is the company addressing operational costs? - The increase in operating expenses is attributed to costs related to geographic expansion, market share improvement, and technology advancements [11]

Financial Data and Key Metrics Changes - Total revenue for Q1 2025 was $42.7 million, representing a 72% year-over-year increase, with constant currency growth at 76% [10] - Gross profit reached $24.2 million, reflecting a gross margin of approximately 57%, a decline of 14 percentage points compared to the previous year [11] - Net loss was $300,000 or $0.00 per share, a decline of $4.2 million from the previous year [14] - Adjusted EBITDA declined by $300,000 or 5% to $5.6 million [14] - As of March 31, 2025, cash and cash equivalents stood at $29.7 million, with a net debt leverage ratio under 1.6 turns [15] Business Line Data and Key Metrics Changes - The raffle business achieved record results, including all-time highs in revenue, ticket sales, and prize values, with 26,000 new users added, a 46% increase year-over-year [6] - MeridianBet saw new registrations increase by 22%, first-time deposits surged over 56%, and total deposits rose by 12% [17] Market Data and Key Metrics Changes - MeridianBet secured a permanent online betting license in Brazil, allowing full national coverage in a market projected to generate over $5.6 billion in GGR for 2025 [18] - The company launched B2B operations in Nigeria, tapping into a market with over 60 million bettors [19] Company Strategy and Development Direction - The company is focused on platform innovations and expansion into high-growth regulated markets, emphasizing operational efficiency and geographic diversity [5] - MeridianBet's strategy includes smart growth, operational excellence, and returning value to shareholders [22] - The company aims to enhance growth through disciplined capital allocation and investments [23] Management's Comments on Operating Environment and Future Outlook - Management expressed excitement about growth opportunities for the year, projecting full-year revenue between $190 million and $195 million, representing a 26% to 29% growth rate over 2024 [23] - The company is well-positioned for long-term success, emphasizing a commitment to profitable and sustainable growth [24] Other Important Information - The company eliminated approximately $9.6 million in debt and converted over $9.5 million in acquisition-related debt into equity, enhancing financial strength and flexibility [6] - MeridianBet completed five new integrations with a US-based sweepstakes casino, expanding its footprint in the North American market [20] Q&A Session Summary - No specific questions or answers were documented in the provided content, thus this section is not applicable.

Flutter Entertainment (FLUT) Q1 2025 Earnings Call May 07, 2025 04:30 PM ET Company Participants Paul Tymms - Group Director - IR & FPAPeter Jackson - CEORob Coldrake - Chief Financial OfficerJed Kelly - Managing Director - Equity ResearchBen Shelley - DirectorClark Lampen - Managing DirectorMonique Pollard - Director - Equity ResearchBarry Jonas - Managing DirectorJohn Decree - Director - Equity ResearchAdrien de Saint Hilaire - DirectorRobin Farley - Managing Director Conference Call Participants Ed Young ...

Light & Wonder (LNW) Q1 2025 Earnings Call May 07, 2025 04:30 PM ET Speaker0 Welcome to the Light and Wonder twenty twenty five Third Quarter Earnings Conference Call. At this time, all participants are in a listen only mode. A brief question and answer session will follow the formal presentation. Thank you. I will now turn the call over to Nick Zengari, Senior Vice President, Investor Relations and Treasury. Please go ahead. Speaker1 Thank you, operator, and welcome everyone to our first quarter twenty twe ...

Financial Data and Key Metrics Changes - The company's first quarter revenue was $262 million, representing a 21% year-over-year increase, while adjusted EBITDA was $33.2 million, nearly double compared to the same period last year [8][22]. - Gross profit margins increased by 125 basis points year-over-year to 34.9%, driven by revenue diversification and higher growth in more profitable markets [24]. - Marketing spend was $38.8 million, or 15% of revenue, down from 17% of revenue in the same quarter last year, indicating improved marketing efficiency [25][26]. Business Line Data and Key Metrics Changes - Online casino revenue grew by 25% year-over-year, while sports betting revenue increased by 11% [9][22]. - In North America, monthly active users (MAUs) grew by 17% year-over-year, with an average revenue per monthly active user (ARPMAU) of $368, up 3% year-over-year [10][22]. - Latin America saw MAUs increase by 61% year-over-year, reaching a new quarterly record of 354,000 [10][23]. Market Data and Key Metrics Changes - North American markets showed revenue growth in 15 out of 16 online markets, with Michigan revenue up 40% and Delaware exceeding 80% growth in its first year of comparisons [12]. - In Colombia, gross gaming revenue (GGR) was up 55% in local currency, despite a 19% value-added tax on player deposits [13][14]. - The company is optimistic about the potential growth in Alberta, Canada, as legislation for online gaming progresses [17]. Company Strategy and Development Direction - The company focuses on innovation and enhancing player experience to drive growth and profitability [8][20]. - The strategy includes differentiating offerings to improve user engagement and retention across product verticals [10][20]. - The company is monitoring legislative developments in various U.S. states to capitalize on potential online gaming opportunities [18][19]. Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate challenges, including the impact of taxes in Colombia, while maintaining strong player activity and market share [14][32]. - The company anticipates continued growth in revenue and adjusted EBITDA for 2025, with guidance remaining between $1.1 billion and $1.8 billion in revenue [27][28]. - Management highlighted the resilience of the online gaming sector, particularly during challenging economic times, and the potential for increased tax revenues from legalized online casinos [19][20]. Other Important Information - The company ended the quarter with $228 million in unrestricted cash and no debt, generating approximately $25 million in cash during the quarter [26]. - The company repurchased approximately 500,000 shares at an average price of $10.35 under its share repurchase program [27]. Q&A Session Summary Question: Insights on Colombia's competitive landscape and market share - Management indicated that they are absorbing the tax through higher bonusing, similar to competitors, and are confident in retaining or growing market share despite the challenges [32]. Question: Growth expectations for Delaware in 2025 - Management expects continued growth in Delaware, although the growth rate may slow as the market matures [34][36]. Question: Adjustments to business model in Colombia - Management is continuously adjusting strategies to maximize net revenue and reduce deposit turnover in response to the VAT tax [42][44]. Question: Impact of Pennsylvania joining the multistate Internet gaming agreement - Management expressed excitement about the launch in Pennsylvania and the potential for increased player liquidity across platforms [46]. Question: Tax impact from Colombia on revenue and EBITDA - Management noted that the VAT tax has significantly impacted net revenue growth, with expectations for meaningful growth once the tax is removed [52][94]. Question: User growth concentration in North America - Management indicated that Delaware contributed mid-single digits to the overall 17% user growth, with most growth coming from higher-value markets [87][88].

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Q1 2025 Earnings Conference Call April 25, 2025 9:00 AM ET Company Participants Joseph Jaffoni - Investor Relations Peter Carlino - Chairman of the Board and Chief Executive Officer Brandon Moore - President, Chief Operating Officer and Secretary Desiree Burke - Chief Financial Officer and Treasurer Steven Ladany - Sr. Vice President, Chief Development Officer Matthew Demchyk - Sr. Vice President, Chief Investment Officer Conference Call Participants Greg Mc ...

Gaming and Leisure Properties (GLPI) Q1 2025 Earnings Call April 25, 2025 09:00 AM ET Company Participants Joe Jaffoni - Investor RelationsPeter Carlino - Chairman & Chief Executive OfficerDesiree Burke - CFO & TreasurerMatthew Demchyk - Senior VP & Chief Investment OfficerGreg Mcginniss - DirectorSteven Ladany - Senior VP & Chief Development OfficerRonald Kamdem - Managing Director & Head of US REITs and CRE ResearchAnthony Paolone - Executive DirectorSmedes Rose - DirectorBrandon Moore - President, COO & ...